Jail For Fraudster

A 40 year old man has been sentenced to 32 months in prison after stealing thousands of pounds from the Credit Union where he worked in Ipswich.

Simon Pain worked at Ipswich and Suffolk Credit Union and was arrested on 10th September after his bosses noticed money missing from around 300 customer accounts.

A police investigation found that Pain credited cash deposits to accounts but kept the money for himself. He also set up fake loans and cashed cheques payable to himself.

On 18th April Pain was charged with the theft of over £100,000, two counts of fraud and converting criminal property over almost a 2 and a half year period. He pleaded guilty at Ipswich Crown Court on Friday 8th July and today was sentenced to 32 months improsonment.